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    A red traffic light is seen in front of an office building of Siemens AG in Munich Perlach in this May 30, 2014

    New Foreign Companies to Replace Siemens in Russia Very Soon - Official

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    It is regretful that one of Germany's biggest companies, Siemens, might leave Russian market, however, in this case, it will be replaced by other foreign companies, according to the head of Federal Anti-monopoly Service, Igor Artemyev.

    MOSCOW (Sputnik) — It is regretful that one of Germany's biggest companies, Siemens, might leave Russian market, however, in this case, it will be replaced by other foreign companies, the head of Federal Anti-monopoly Service, Igor Artemyev, said Friday in an interview to Rossiya 24 TV channel.

    "New companies will enter the Russian market very soon due to economic reasons and not to emotional ones or any traditions established during cooperation. [Siemens] will just be replaced by some other company, I don't know from where. It might be a company from China, from the Middle East or from Europe, let's say, from France and not from Germany, but it will definitely come" Artemyev said.

    On July 5, media reported that at least two gas turbines manufactured by Siemens for the supply to Russia were illegally delivered to Crimea evading anti-Russia sanctions. Siemens denied the information. Kremlin spokesman Dmitry Peskov said that the turbines had been made in Russia from Russian parts that's why it wasn't subject to any restrictions.

    On Tuesday, Siemens brought a lawsuit to Moscow Arbitration Court against Russia's Technopromexport that allegedly transferred  the turbines to Crimea. Despite speculations appeared in media Friday, saying that Siemens might leave Russian market, this information has not been confirmed by Siemens spokesman so far.

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    Federal Anti-Monopoly Service (FAS), Siemens, Igor Artemyev, Russia
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